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Mid-session Outlook(01-04-2013)

Good opening and slipping into Red after more than 3 hours positive zone trading because intraday correction was required after strong rally last Friday. As multiple resistances at higher levels therefore consolidation is also required before any sustained up move.

Strong base formations at lower levels in previous week therefore Pull Back rally possibility is still expected after completion of on going intraday correction despite trading in Red after loosing all good intraday gains.